Bank of America (BoA) has filed a patent application titled “ System and Method for Wire Transfers Using Cryptocurrency .” The application was filed in March and published on September 17 by the U.S. Patents and Trademarks Office.
The BoA filing describes an alternative to traditional wire transfers. The funds are first transferred to a cryptocurrency exchange, then converted to a cryptocurrency such as bitcoin, then sent to another exchange, and finally converted into another […]
